Indiabulls Securities in its latest research report has recommended "Hold" ratings on Bharti Airtel, citing current valuations as the rationale behind it.
The company is among the best in the telecom industry, but faces key challenges from the new entrants and hence, customer retention will be a big challenge for the company in the near future.
According to the report, the stock is trading at forward PE in excess of 15X FY10E, which makes it stand at reasonable valuations. Thus, it recommends "Hold" on this stock.
Indiabulls clients can read this report on their trading website or by logging to their desktop software application "Power Indiabulls (PIB)".
The company is among the best in the telecom industry, but faces key challenges from the new entrants and hence, customer retention will be a big challenge for the company in the near future.
According to the report, the stock is trading at forward PE in excess of 15X FY10E, which makes it stand at reasonable valuations. Thus, it recommends "Hold" on this stock.
Indiabulls clients can read this report on their trading website or by logging to their desktop software application "Power Indiabulls (PIB)".
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